New Delhi: Pakistani carrier PIA purchased immovable property in the national capital without obtaining prior approval from the Reserve Bank, Parliament was informed on Tuesday.
Replying to a question on foreign companies acquired flats/offices in India without prior approval, Minister of State for Finance, Jayant Sinha said one case has come to the notice of the Enforcement Directorate (ED).
“… a foreign company has acquired immovable property in the country without obtaining mandatory clearance from the RBI.
“The case relates to acquisition of six flats and a car parking space in New Delhi by Pakistan International Airlines,” Sinha said in a written reply in Rajya Sabha.
03/03/15 PTI/Indian Express
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Replying to a question on foreign companies acquired flats/offices in India without prior approval, Minister of State for Finance, Jayant Sinha said one case has come to the notice of the Enforcement Directorate (ED).
“… a foreign company has acquired immovable property in the country without obtaining mandatory clearance from the RBI.
“The case relates to acquisition of six flats and a car parking space in New Delhi by Pakistan International Airlines,” Sinha said in a written reply in Rajya Sabha.
03/03/15 PTI/Indian Express
